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War resumes with words ‘Dear Sir’

Denis O’Brien has stepped up his campaign against Independent News & MediaBen Depp for The Times

The Irish entrepreneur Denis O’Brien has resumed hostilities with Independent News & Media by firing off a letter demanding the departure of the company’s chairman and chief executive.

Mr O’Brien, who is the largest shareholder in INM, has been engaged in an on-off battle over the future of the media company for the last four years.

In his latest missive, sent to INM’s chairman Brian Hillary, he has blasted chief executive Gavin O’Reilly for basing himself in London, instead of Dublin, and has called for a €100 million equity fundraising to bolster the business’s finances.

“Our chief executive does not have the confidence of the market, does not understand new media and has no strategic vision for the company,” says the letter, seen by The…